Filinvest Hotel:
Crimson Hotel Filinvest City Manila
The Cost Controller is responsible for managing and optimizing the hotel's financial performance by overseeing cost management, budget analysis, and process improvements. This role involves monitoring expenses, conducting financial analysis, and developing cost-control strategies to ensure alignment with the hotel's financial goals. The Cost Controller works closely with various departments, leveraging tools and software to automate processes, improve efficiency, and provide actionable financial insights.
Key Responsibilities:
- Cost Management and Control
- Analyze and monitor all costs within the hotel, ensuring they align with budgetary guidelines and identifying areas for cost savings.
- Develop and implement cost control procedures across departments to optimize spending.
- Conduct regular inventory audits, ensuring accurate valuation of inventory items, and monitor wastage, spoilage, and other controllable costs.
- Financial Analysis and Reporting
- Prepare and review monthly cost reports, comparing actual costs to budgeted amounts, and analyze any variances.
- Conduct in-depth financial analysis to identify trends, opportunities, and areas for improvement.
- Collaborate with the finance team to prepare budget forecasts and expense projections, contributing to overall financial planning.
- Process Improvement and Automation
- Identify and implement process improvements to streamline cost management activities, reducing manual effort and increasing accuracy.
- Utilize relevant software and automation tools to enhance reporting and data accuracy, improving the efficiency of financial controls.
- Document and standardize procedures for inventory management, purchasing, and other cost-related activities.
- Communication and Collaboration
- Work closely with department heads to support cost-control initiatives, providing guidance on budget adherence and financial decision-making.
- Communicate cost-control strategies and policies effectively to relevant team members, ensuring alignment with financial goals.
- Act as a liaison between the finance department and other departments, facilitating accurate and timely cost reporting.
- Software and Tools Management
- Use hotel management software and financial tools (e.g., PMS, ERP systems, Excel, data visualization software) to maintain accurate cost records and produce relevant reports.
- Stay updated on emerging software tools and trends in cost management and control, evaluating their applicability to enhance efficiency.
- Ensure the integrity and accuracy of financial data in all cost-control software and tools used within the hotel.
Qualifications:
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
- Minimum of 3-5 years of experience in cost control, financial analysis, or related roles, preferably in a hotel or hospitality environment.
- Strong background in financial analysis, budget preparation, and variance reporting.
- Proficiency in cost-control software, hotel management systems, and Microsoft Office Suite, especially Excel.
- Experience in implementing process improvements and using automation to enhance efficiency.
- Willingness to work in Muntinlupa City.
